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China FAW Group business model | How does China FAW Group make money?

FAW Group Corporation is a Chinese State-owned automotive manufacturing company headquartered in Changchun, Jilin, China. Its principal products are automobiles; buses; light, medium, and heavy-duty trucks; and auto parts. FAW became China's first automobile manufacturer when it unveiled the nation's first domestically produced passenger car, the Hong Qi, in 1958. FAW is one of the "Big Four" Chinese automakers alongside Chang'a Motors, Dongfeng Motor, and SAIC Motor. In 2014, the company ranked third in terms of output making 2.7 million whole vehicles.

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